SMRs and AMRs

Monday, October 10, 2011

Obama’s New Populism Isn’t Alienating Moderates

Ruy Teixeira
TNR
October 10, 2011 | 12:00 am

During Obama’s pivot toward deficit reduction after the 2010 election, culminating in the vain attempt to fashion a “Grand Bargain” with Republicans during the debt limit negotiations, pundits repeatedly asserted that his approach might tick off his base but would yield dividends with independents and swing voters. Instead, the strategy turned out to be a flop on both levels. His support did decline among base voters but even more among independent voters. That’s because, as the economy continued to deteriorate, Obama only succeeded in making himself look weak and ineffective in dealing with the nation’s most important problem. On this, both base and swing could agree.

Now Obama has taken a very different tack. He is relentlessly pushing a $450 billion jobs plan that, according to independent economists like Mark Zandi, would add 1.9 million jobs, cut unemployment by a point and raise GDP by 2 points. He proposes to pay for the program by raising taxes on the wealthy. And, instead of backing down under GOP intransigence, he is calling them out for refusing to act on jobs and coddling the rich. This switch has elicited a predictable round of tut-tutting from sections of the punditocracy who assert that, while this approach might yield dividends from Obama’s demoralized base, he will lose as much or more from independents, moderates, and swing voters who will be appalled by its big price tag and confrontational nature.

There is, however, no law that says this has to happen. Just as a strategy can fail among both base and swing voters, so too can one succeed among both groups. Obama’s current strategy is a good candidate for doing so. As I noted in my recent TNR piece on independents, independents are really three groups of voters: Republican-leaning independents, pure independents, and Democratic-leaning independents. Only the latter two groups are really accessible to Obama; Republican-leaning independents are an extraordinarily conservative group of voters whose ranks have been swelled by ex-Republican identifiers who believe the party has not been conservative enough. But both Democratic-leaning independents and pure independents have regularly reported far higher levels of concern with jobs than with the deficit, and they represent two-thirds of independents.

Recent polling data confirm that Obama’s strategy is paying off with both base and swing voters. In the most recent Washington Post/ABC poll, Democrats say they trust Obama over the Republicans in Congress to create jobs by 79-8, up from 69-11 in September. And Independents, too, now favor Obama on jobs, by 44-31, a big shift from 37-42 in September. And not only do Democrats support Obama’s jobs plan and believe it will improve the jobs situation, but so too do independents, by margins of 47-38 and 52-44, respectively. Moderates, meanwhile, are even more enthusiastic—support figures among this group are 5-9 points higher than among Independents on all these questions. As for raising taxes on the rich: Bring it on! By 65-28, Independents favor raising taxes on households with over a million dollars in income.

(More here.)

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